La-Z-Boy (NYSE: LZB) is down 5.66% in after-hours trading, falling to $37.00 on Monday, July 14, 2025 following acquisition expanding southeast store network.
La-Z-Boy Incorporated (LZB) announced the signing of an asset purchase agreement to acquire a La-Z-Boy Furniture Galleries store network in the southeast region of the United States from Atlanta Furniture Galleries, LLC, owned by Tom and Amy DeGoey. The transaction is expected to close in late October 2025 and will be funded with cash on hand. Additional terms of the deal were not disclosed.
The stock had closed the regular session at $38.70. Earlier in the day, LZB opened at $39.05 and fluctuated between $38.41 and $39.36, with a trading volume of 378.70 thousand shares.
